Blu Spa Holdings (8176 HK) announced that its wholly subsidiary Castletop Assets has signed a letter of intent with ZSTC regarding the formation of a joint venture. (Sing Tao Finance, B4)
Cathay Pacific Airways’ (293 HK) passengers and cargo in November have increased by 1.5 per cent and 7.6 per cent respectively from a year earlier. (Hong Kong Economic Times A14)
China Construction Bank (939 HK), the China’s second-largest lender, plans to issue subordinated bonds worth 20 billion yuan by the end of the year to supplement its capital, sources said. (Sing Tao Finance B2)
China South City Holdings (1668 HK) announced yesterday that it has won a land bid in Nanchang City for 555 million yuan. The land will be developed into a logistic and exhibition centre. (Sing Tao Fincance B4)
China State Construction International (3311 HK) announced the group has signed an agreement with Yangquan government regarding the Build – Operate – Transfer (BOT) of a Class-1 highway project from Yangquan to Niangziguan, in Shanxi province. The project is designed as a double carriage way with 21.96 kilometers long. The project period includes 2 years construction and 30 years operation. Total investment amounts to 1.835 billion yuan. (Hong Kong Economic Journal P. 12)
China Strategic (235 HK) announced that its executive director Yeung Kwok-yu has resigned and the company has appointed Yau Wing-yiu, a partner of AID Partners Capital Limited as the new executive director. (Sing Tao Finance B4)
China Unicom (762 HK) said it has already sold 100,000 iPhones since the October launch and 71 per cent of the sales have signed a 2-year 3G consumption contract with the operator. (Sing Tao Finance B4)
A shareholder of Digital China (861 HK) sold 33.16 million old shares yesterday at a price between HK$9.00 and HK$9.80 for HK$325 million, a 5.8 per cent to 13 per cent discount of the closing price yesterday, according to market sources. (Sing Tao Finance B4)
Guangzhou Investment (123 HK) announced it has acquired five land lots in Guangzhou for 1.915 billion yuan. The project has been approved for residential use. (Hong Kong Economic Journal P. 12)
Hon Kwok Land Investment (160 HK) has recorded a net profit of HK$285 million for the six months ended September 30, up 12 per cent from a year ago. Earnings per share were 59.45 HK cents. No interim dividend was declared. (Hong Kong Economic Times A14)
Shui On Land (272 HK) announced that contracted sales for the fist then months have reached 5.4 billion yuan, a double compared with a year earlier. Contracted sales in the third quarter were 3.2 billion yuan while that in October amounted to 200 million yuan. (Sing Tao Finance B4)
Sundart International (2288 HK) has posted a net profit of HK$120 million for the first half ended September 30, surging 95 per cent year-on-year. Earnings per share were 31 HK cents. An interim dividend of 8.5 HK cents per share was declared. (Sing Tao Finance B4)
Tcl Multimedia Technology (170 HK) announced that its sales volume of LCD TV for the first eleven months has hit 7.15 million units, surging 99 per cent year-on-year. (Sing Tao Finance B4)
TSC Offshore Group (206 HK) has placed 90 million shares at HK$2.53 apiece, an 11.23 per cent discount to its closing price at HK$2.85, to raise as much as HK$219 million for operation fund and acquisitions purposes. (Hong Kong Economic Times A14)
The Federal Court of Australia approved Yanzhou Coal Mining’s (1171 HK) acquisition of 100 per cent of stake in Felix Resources yesterday. The acquisition is priced at A$16.95 per share or A$3.3 billion. (Sing Tao Finance B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
